hello. you're watching gmt on "bbc world news." i'm lucy hockings. our top stories, a victory for the radical left in greece leaves euro stunned and the euro in free fall. the country's charismatic new leader alexis tsipras, promises greeks an end to five years of humiliation and suffering. how he plans to do that, though, is still unclear. >> i'm mark allow in athens where alexis tsipras will be sworn in as prime minister this morning, forming a kos litigation with a small nationalist party on the right. we'll look at how this will work

and how it will resonate across europe with our correspondents in brussels and madrid. surprise in america's northeast, as it braces itself for one of the largest snowstorms in history. we'll take you live to new york. plus aaron is here also talking about greece the markets, watching so closely, aaron. >> absolutely, lucy. only today, the euro slid to an 11-year low against the dollar. no doubt investors are very worried about what this election victory could mean for europe. so we're going to ask the question, can greece renegotiate its $270 billion or will greece be forced out of the euro zone? ? good midday in london, 7:00 a.m. in washington, and 2:00 p.m. in athens where greeks have a new leader. it is this man, alexis tsipras,

who leads the syriza party, and there is one policy that have persuaded greeks to vote for him, a promise to an end to austerity. greeks have suffered years of punishing measures. now mr. tsipras says he will rewrite that deal looking at some of the numbers, you can understand why greeks might vote for change. unemployment currently stands at 26%. youth unemployment is almost 50%. the economy has shrunk by 25% since the start of the euro zone crisis in 2009 and about one third of the population now lives below the poverty line. but can mr. tsipras really deliver on his election promises and still keep greece within the euro zone? let's take it to mark lowe who is in athens where these are the two big questions today, aren't they mark? >> reporter: big questions, indeed. yes, hello, and thank you from

athens where greece has a new prime minister. alexis tsipras will be sworn in this afternoon. he go to the president and take the oath of office. we're told it will be a civil oath of office, not a religious one, a first in a country that is 99% orthodox christian. he will form a coalition with a small right-wing party here called independent greeks also fiercely anti-austerity. but on social issues such as immigration, much more hard line. in some ways unlikely bedfellows. alexis tsipras has made huge promises to end austerity and wipe out half of greece's debt. the problem is can he deliver on those promises. now let's get the latest from our world affairs correspondent, nick chiles. >> greece and europe have woke up to a political earthquake and are busy digesting the political consequences. it's a dramatic change of the political guard in greece. it was quickly down to business for last night's victor. his landslide win didn't quite

deliver an overall majority. so a vital meeting with the leader of the right-wing independent greek's party. they may be at the opposite end of the political spectrum from syriza, but they too, are fiercely anti-austerity. it didn't take too long for the two men to work out a deal. the independent greeks confirmed they've agreed to join a coalition with syriza. >> now we represent the nation. and the greek nation it's one government together. all the greeks will be together. >> reporter: for alexis tsipras, the moment of triumph swept to the brink of power with a radical message, rejecting an economic bailout plan that has seen the greek economy shrink by a quarter and led, he said to national humiliation. but what now? >> translator: the new greek government will be ready to cooperate and negotiate for the first time with our partners.

we want a beneficial and viable solution so greek can leave behind the vicious circle of debt. >> reporter: his supporters may have been buoyant, but how can he now deliver on his election pledges and renegotiate greece's bailout, when the country's creditors, led by germany, are so opposed. as german newspapers record greece's dramatic shift to the let, german and eu leaders will be bracing for what will be difficult negotiations and no doubt more turbulent times for the euro zone. after the celebrations of the night before they're clearing up outside of greece's parliament. many greeks may see the dawn of a new hope but many others still question what the price will be in greece and beyond. nick childs bbc news. >> now, tsipras has pledged to chart a new course for greece turning the country back on the debt agreement on austerity, and on four years of the bailout deal with the eu and the imf.

that mr. place athens in direct confrontation with brussels and berlin and the architects of austerity, which had greece vote with a party that said it would stick to the path of budget cuts and fiscal reform. so likely to reverbuate very much from here across the european union. and in brussels particularly where your zone finance ministers are meeting today. our correspondent, damian is there. what's the mood likely to be today? >> hello from brussels. those ministers are gathering now ahead of that meeting. i think a little bit of concern, because of the nature of this victory, the size of the victory, and quite what syriza will now bring to the negotiations here, but they're waiting to see what the greek position will be. just a few minutes ago, within the last hour, i had a chance to speak very briefly to the share of the finance minister's meeting, the dutch finance

minister, he was arriving for that meeting. he stopped briefly and i asked him was there any room for compromise now in greece. this is what he said. >> let me first of all, congratulate the greek government. i'm looking forward to working with them. i think our joint issue, our joint goal is to strengthen the greek economy within the euro zone and that is also an ambition they have. working with the euro zone means they'll comply with all the agreements we have in the euro zone and on that basis, we will support them where we can. we'll open the talks with them as soon as they are up and running. we shall wait for them. but we are very ready to work with them and to talk on the future of their program. we have already done a lot to take off the debt pressure the debt burden by reducing interest rates allowing longer periods for them to repay loans. so there doesn't seem to be

great urgency there. writing off debt in nominal value, i don't think there's a lot of support for that in the euro zone. >> so a very clear message, i think, coming from here. the countries here saying they want to work with greece they want to be flexible but the basic rules stand. if greece wants more money from the greek here they have to abide by agreements already made and has to promise it will repay in the future. mark? >> damian thank you very much in indeed. one of the countries where syriza's victory is likely to inspire another populist anti-establishment party, is in spain, where the party is leading the opinion polls. its leader, also young, charismatic, very anti-austerity. was actually here in athens last week, he was at the last athens rally of alexis tsipras.

he came on stage at the end to wild cheers and a standing ovation. he was hugged ly alexis tsipras and spoke to the crowd in greek, which they lapped up and he said this is a new era for those who are challenging the policies of brussels and berlin. let's turn to our correspondent who was in the spanish capital. what is he saying about these series of victories here in athens? >> reporter: it's great news for them. yesterday at a rally in valencia, we were there. this young, as you say, charismatic new leader who looks and sounds nothing like your average politician in spain, he was mentioning greece on a regular basis, talking about the level of social pain there because of the economic crisis and saying i don't want spain to be greece. the main party has been rattled and this party has jumped on to

the scene. last year's election they won about 8% of the vote but now they're taking around 25% of the votes in some of the polls. the era of two-party governists, the socialists is and the right wing in spain is pretty much over. but the big question is can they actually win in the general election the end of this year. but a lot of people say his parties are populist radical, unrealistic. but his message does chime with a lot of people. the anti-austerity medical, and particularly the anti-corruption message. there's been a string of corruption cases in this country over the last months and years. and a lot of people are fed up with the mismanagement, the bad politics, as they perceive it, in spain. >> reporter: so momentum is building clearly among the anti-austerity party of europe. but from before, when greece was at the height of the crisis, there was a lot of fear from greece were to leave the euro

zone, that could spread contagion, especially spain. how is the spanish economy doing now, and is there still the fear spain could go the way of greece? >> reporter: it's interesting, mark, given everything i've said, you would imagine the economy is moving in the wrong direction. actually it isn't. the spanish economy is expected to increase this year more than any other economy in the euro zone. unemployment is still 24%, hugely high, but it fell by half a million people last year. the popular party governance has quite a strong argument that his austerity policies are working. that it is moving the country in the right direction. but what you can't underestimate is this deep level of dissatisfaction with traditional political parties and so they've jumped on to the scene with a fresh message, a real sort of message of change and hope and

it's really being listened to by a lot of people. he's never going to take the deep right-wing but a lot of people in the middle who have used to vote for the socialists who have walked over. >> change and hope there's very much felt here in greece as well. tom burrridge, thank you very much, indeed. nice to talk to you. now, greece will have a confrontation with brussels and berlin in weeks, because in march, this country has to pay 2.5 billion to the imf and 7 billion to the central bank. it simply doesn't have that money, and creditors say unless they stick to the path to austerity, it will not get the emergency funding from outside. there is likely to be a pretty full-on collision within a matter of weeks. mr. tsipras will say, i've been given a big mandate to not to

stick to austerity, but how to lift us off the crisis. we'll have live analysis and coverage from the bbc, but now back to you in london lucy. >> thanks so much for that from athens. aaron is with me now. fascinating ties. markets are watching this all incredibly closely. what happens? >> we didn't see the path many were predicting with an outcome like we saw late last night. and the last time i looked they were slightly lower. earlier today, the euro slid. the single currency slid to an 11-year low against the u.s. dollar. it's gained some of that back. i think people are now digesting. a bit of a clash, but months of negotiating against the greeks. so they're digesting it and also the rhetoric.

the syriza party has softened. they are pro-euro. so they're taking into hand. one thing i did here, the suggestion that investors are perhaps also thinking some that the euro zone may be better without greece. we'll have to wait and see. >> we've just been hearing from tom that there are other countries as well, italy, a few problems in france. a bigger picture about contagion. >> i think that will be the crack, at least in the minds of europe and the powers to be. again, i go back to germany, the pay master of europe when it comes to this renegotiation. how lenient will they be or do they want to be given that they have other austerity parties. greek wants half of their debt written off. if they do that who's to say, the others come and say, you gave it to greece, we want that.

a lot more coming up in half an hour. some other news now. the u.s. secret service has recovered what's being described as a device from the grounds of the white house. officials say it didn't pose any threat. local tv reports in washington say a small drone was involved. the two sons of egypt hosni mubarak has been released from jail nearly four years after they were arrested with their father. they were freed in the early hours of monday. last week a court ordered their release, pending a retrial on corruption charges. hackers have attacked the website of malaysia airlines which is struggling to recover from two disasters last year. the website's front page was replaced with the image of a reptile wearing a top hat and a tuxedo under the headline plane not found. customers were not affected. do stay with us here on bbc world news.

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well everyone is braced in the u.s. northeast for a powerful winter storm, expected to hit soon. people there are saying there are going to be historic levels of snow blizzard warnings are in place, boston new york people all being urged to stay indoors. thousands of flights have already been canceled as well. and new york itself the mayor, bill de blasio has told residents to prepare for the worst. sarah is with us from the weather center. he's also saying prepare for the worst and he's also saying this is going to be the biggest storm new york has ever seen. >> that's right. it could be a record-breaking storm. huge amounts of snow and very powerful winds. why is this storm quite so big

and so dangerous? it's a combination of meteorological factors. first off, mild air across western parts of the u.s., very cold air in charge in the east. and when these two air masses meet, a strong jet stream is driving the area. it's already brought some snow to the south of the great lakes, but as it pushes its way eastward, it heads out across the atlantic increasingly across the atlantic it picks up warm, moist air. and that's really going to energize the storm. rapidly deepening, and it's going to be very heavy, exceptionally heavy all across areas, including philadelphia and pushing up towards maine as well. not just snow but winds will be a big factor. some of the gusts could be up to near hurricane force around the coast, some really big waves around as well. so it's got that combination of very heavy snow we're likely to see perhaps 20 to 30 inches of snow falling over the next couple of days. travel disruption is likely for many areas. and power outages as well.

and it could be a couple of days before things get back to normal due to the strong winds and the very heavy snowfall as well. damaging wind likely some power outages and problems for travel too. so we will see that heavy snow continuing through the course of tuesday, for the likes of boston and new york too. into wednesday, some rest the storm pushes to the north, but before we get there, a lot of severe weather in the cards. keep a close eye on it over the next couple of days. >> everyone stocking up in the shops, as well getting all their supplies. thanks so much. the burmese government say investigations are continuing into the rape and murder of two teachers last week. the young women were from the seniority ethnic group, and activists and locals are blaming soldiers from the burmese army. on friday more than 10,000 people attended the women's funeral in the state capital. from myanmar, here's our correspondent, jones fisher. >> they came to welcome and to

say farewell to two young women. thousands lined the roads at the state capital to witness the final stage of the bodies' two-day voyage home. they had worked as teachers in a small village in a neighboring state. she was a beautiful and selfless person, this friend says. that's why she went to teach kids in a place where there was no other school. a week ago, soldiers from the burmese army arrived is and occupied their village. that night, both women were raped and murdered. the teachers were christians, like most, and thousands of mourners packed into a theological college for the funeral. the wounds are deep here for most of the last 50 years, they have been fighting for independence from the

buddhist-dominated burmese state. many see this as the latest case in a long line of atrocities committed against them by the burmese army. the government has ordered a police investigation, but few believe it will deliver the truth. the government shouldn't hide things anymore, this pastor says. they must be brave and admit what has happened. >> there have been persistent and well-documented reports for many years about the burmese army's use of sexual violence against ethnic women and young girls in conflict areas. in this recent case if it is true, and all indications are that these allegations are correct, that it was perpetrated by the burmese military it demonstrates once again that the burmese's military behavior on the ground hasn't improved at all and they're just as abusive as ever. >> reporter: six months ago, hopes were high that an historic cease-fire was about to be signed between the government

and the many armed ethnic groups, but not anymore. the women were murdered in northern shan state, which in the last few months, has seen frequent clashes. in ka chin in november they shelled a rebel training camp at laiza. many of the clashes are linked to transport routes and access to lucrative natural resources, like jade and timber. >> over the last four years, the government and the country here as a whole has changed in quite a remarkable way. but for there to be a lasting peace, it's the army not the president and his advisers that really matter. so far, there's been no indication from senior generals that they're really committed to this reform process or that they want to stop their soldiers' abusive ways.

embarrassment for the uk's security services after a hoax caller was put through to the prime minister's phone. the caller heads to be the head of the uk's intelligence gathering hq. the prime minister ended the call when it became clear it was a hoax and said that no sensitive information was disclosed. the same caller earlier managed to obtain a mobile phone number for the director. officials say the procedures are being reviewed. robert brand has more on the story. >> firstly, this person called gchq in the west country and managed to brag the mobile phone number for the boss robert hannigan, the man who runs the place. and that person then rang down to the switchboard, which prides itself on being able to get ahold of anyone anytime, anywhere. they pretended to be mr. hannigan and got put through,

almost unbelievably to the prime minister. now, we're told david cameron realized very quickly and put the phone down in a matter of seconds. and also we're told that no sensitive information was revealed during the conversations, but it is frankly very embarrassing perhaps more for gchq the fact that someone can ring up and brag the phone number for the man in charge of the government's listing post the people responsible for looking at e-mails and phone numbers across the world, the people responsible for spying on the british people. let's take you to a moment of history that is being made here the church of england consecrating the first female pitch shop at a ceremony in york minster in the north of england. this is the reverend libby lane. she is now the new bishop of stockport, more than 20 years after women became priests. the appointment ends centuries of exclusively male leadership in the church. the church formally adopting

last november to women bishops. it was controversial. she says this is a remarkable thing that has happened to me. people have been supportive of me personally but this is about a moment in the church's history. it is a profound remarkable moment for me then and for the future of the church. we leave you with these pictures, but do join us again. we'll be live in delhi in a moment here on "gmt."

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i'm lucy hockings. this hour celebrations in india to mark republic day. in delhi, a spectacular display of the country's military might and culture. and this year a first, barack obama becomes the first u.s. president to attend the parade. >> live in delhi, the parade has finished. the hard talking between president obama and narendra modi has just started. also on the program, aaron

is here, and and a possible boost to the coin. >> that's certainly caused a lot of controversy. a first license exchange in the united states. it will be called coin basis backed by the u.s. stock exchange, allowing you and i to trade in bitcoins. and we'll be talking to our tech guru to find out if it finally makes this currency legitimate. welcome back to "gmt." it is public day in india, a chance to celebrate. and this year a special guest has flown into town. u.s. president barack obama. he was invited to be the chief guest at the military parade in delhi. well, let's take you live, straight to the capital now. the weather hasn't been great, but still pretty spectacular

today for president obama. >> yes, it's a bit gloomy a bit drizzly, but it has been a day of exuberant celebrations. the parade has now finished. the tough, hard talking between president and prime minister well, that has just started. the images the pictures you're referring to just a short while ago, well the two leaders trying to actually have that as the backdrop. the message they want to portray is this is a strategic relationship between these two countries, that is fast developing. and of course they have shared interest common threats, a bit of a hope they can make progress on trade, on fighting the terrorism, and also climate change. john kerry, the american secretary of state was here only a fort knight or so ago, laying the ground work for the meetings going on on climate change. and there was some heavy briefings for the americans. they really hope that significant progress can be made. those are the pictures from a

bit earlier. let's talk a little more about the climate change though. because i was saying it's been pretty gloomy here in delhi. just a little earlier in the day, i went to the outskirts of the capital to have a look at the pollution, the delhi fog that the capital is famous for, that rolls in every day from the river and envelopes the city. this is delhi fog. the haze, the pollution, that hangs pretty much permanently over the capital. it now ranks as the worst air quality on the planet, even worse than china. when you breathe in, you can generally taste the pollution here. it's worse at this time of year when it's colder and it's a combination of things. it's the rapid growth of the capital, it's coal-burning power stations, it's 7.4 million cars in delhi. that's more than mumbai,

calcutta put together. and the geography of where this city sits doesn't help. it's in a bowl-like setting, trapping the dirty air. >> well that was just a little earlier outside of the capital. let's talk about this for the next few minutes with the environmentalist who's joins me here. good to have you to join us here on republic day. i asked a question is narendra modi committed to environmental issues? what do you think? >> i think the fact is he has to be. he breathes the same air, he has to drink the same water. there is garbage in our streets and our rivers are getting more and more polluted. i think any prime minister is going to want to clean up the country. >> so you keep it in the future tense. you acknowledge that perhaps not at the moment.

>> i'm willing to give him the benefit of doubt, because he's just coming and the fact i'm only making the point that i thinks is too real an issue for any prime minister to avoid taking action on. >> it really is but we know he is focused, laser like on the economy and growth so is that an uncomfortable thing? >> i don't think so. and i think that's where, for too long in this country, we speak of environment versus development. let's be very clear. we do need clean air. if we want clean air in delhi, for instance we will have to cut on diesel have to cut on the number of cars and increase public transport. to do that will also mean growth. >> so what chance is all of that -- you talk about clean energy and narendra modi mentioned that. and yet, 60% of energy is coal-fire ed

coal-fired power. >> the fact is we are to cleanup our coal okay? no part of the world, other than germany, has actually gone out of coal. not even the united states. india has a huge demand for energy as well. so in that sense, the prime minister is not wrong in saying i have to bear energy. and all of us are saying we need energy we need clean energy. the americans want to get more involved in the civil side of things. they complain that the nuclear liability laws here make that almost impossible. do those have to change? >> i think there's been a lot talk over the last few days. and my understanding of the pollution is somebody is going to give. the liability law has been cleared by parliament. and the fact is liability is important for nuclear power plants. so i think they will be some give and take but the fact is

that we will need to move ahead on many of these issues. >> thanks for talking to us. we will keep an eye on this one, see what if anything is actually agreed and signed up. just a quick point here because president obama has just stopped those roundtables with 100 ceos. we'll look at that the next time you're here with us. and a reminder that ul of today's global programs will come live from delhi with me. you can join us. back to you, lucy in the studio. >> good to see you. he is following president obama and looking at where they are as they celebrate their national day. let's take it back to the u.s. at the moment, they are preparing for a massive storm in the northeast, by being told historic levels of snow are expected. hundreds of flights have been canceled. people have been told to stock up and stay indoors.

well, let's take care of it to rob marciano a reporter for abc in boston. has the snow started yet, rob? it doesn't look like it, but everyone's bracing themselves. >> very much so, lucy. we are preparing here in boston. behind me this isn't snow what you see behind me this is sand and at a sand factory, which is bustling this morning. 35,000 tons of sand they're going to use to try to clear the roads and keep them melted here in boston. but it's going to be an uphill battle for sure as some of this is actually coming all the way from new mexico and chile, even. we could see as much as a full meter of snow in some spots. and the winds could get over 100 miles an hour. this is going to be a blizzard an historic one, scheduled to arrive later on this afternoon and continue on through tomorrow night, lucy. >> rob, will most people stay at home or are people going outside

and going to take their chances? >> reporter: you would hope they would stay at home. i think today a lot of people are going to work. the advice is to maybe leave work early if they can. schools are open for the most part today, but most certainly will be closed tomorrow and then you can imagine just how many cancellations will be in store tomorrow. that is the advice that we're giving folks, is to stay at home during this snow. the worst of which will come tonight through tomorrow. at times, the visibility will be blinding blowing sideways visibilities will drop below a quarter of a mile. it's going to be flat-out dangerous to be on the roads. it has been a relatively quiet winter compared to last year. there's been very little snow, a snow deficit, of sorts, and this is going to completely distinguish that as some place will easily get a half a meter and maybe in some spots, a full meter of snow. it's going to be quite a storm. >> basically, are people feeling

like they need to stock up on supplies and things if they'll be indoors for a while? >> reporter: yeah for sure. there was a run on everything at the grocery stores yesterday. people just clearing the shelve of all the supplies they need to be basically stuck in their homes for several days. very very busy not only here in boston but in new york city in philadelphia, the whole northeastern seaboard. it's going to be more of a coastal event. that means, that's a highly populated area. we're talking about tens of millions of people that are going to be impacted by this storm. all these people yesterday and today, you can be sure have been scrambling to stock up on supplies and prepare potentially for some power outages. you can imagine with all that snow and wind there'll be some trees and power lines that are coming down. with temperatures that will be low below zero that's dangerous types of cold. that type of preparation has to be made as well, to be in your home potentially without electricity or heat for several

days. lots to think about as this storm approaches lucy. >> thanks so much for the update from boston there, bob marciano, from abc in boston. >> aaron's with us now for all the business. everyone watching greece so closely today. >> today and the next day and the next day. >> hello, there. certainly as you've been hearing, the anti-austerity parties have won greece's general election putting the country, let's be frank, on a collision course with the eu over its massive bailout. the youreuro has already fallen briefly hitting its lowest level against the u.s. dollar in more than years. of course, greece's finances and the new leaders pledge to get rid of austerity, that's what the markets are mostly worried about. let's take a quick look at the state of the greek economy and i'll warn you, it ain't pretty because as you can see from these graphs the economy has been shrinking almost

continuously since 2008 only exiting a prolonged recession late last year. subsequently, greece's national debt it has spiraled. the total is now at 175% of its gdp. what does that mean? basically it means, greece is the second most indebted nation on the planet. here's a tricky one. greece's european partners and the imf, the international monetary fund, have committed this, 240 billion euro in loans to support the country since 2010 and the current round of funding expires on february the 28th. and we know that talks with their lenders have stalled about arguments, and it is the austerity measures that this man right here alexis tsipras, his left-wing party say they want out. let's get more on this. christopher is professor of economics at the london school of economics. he's also a nobel prize winner.

christopher, great to have you with us, as always. can i start with syriza. syriza wins on pledges of what spending more government money, cutting taxes, increasing the minimum wage. but up until now, greece has survived on borrowed money. if that borrowed money stops, what happens? >> hopefully borrowed money won't stop. we should think that syriza will go and in expect to get all these things they demanded before the election. they'll have to prioritize and probably start with the debt. they cannot afford to spend a little bit more because the parliament budget. so they probably will spend more. i sympathize with the idea that the recession is not the best time to pay your debt. and also the idea if you're going to structure reforms to improve the competitiveness of your economy, those have a much better chance of succeeding if

you're not imposing at the same time austerities. >> i'm glad you talked about austerity, because i want to mention that. isn't part of the problem is this? because many would say, in particular, the germans, that greece's austerity and the reforms were already working. they were a work in progress. last year, after six years in recession, they saw growth unemployment dropped, and for the first time in 40 years, greece stopped adding towards debt. but that message doesn't filter down to the millions who have been suffering. >> well exactly. what the germans want to see is finance so they can get their money back. but what the ordinary greek person wants to see is an economy that starts functioning again. and you said that the economy has come -- the economy hasn't.

when you lose 25% of your income and gain some it's neither here nor there. and this is what we're going to see with these numbers for the greek people. we need to see more investments. >> that's a valid point. but giving we're seeing the momentum of other anti-austerity parties around europe france portugal spain, et cetera brussels and germany, when it comes to renegotiating, they have to be careful, aren't they? they're not going to want to give too much away and set a precedent. >> exactly. they have to be very careful not to give too much away but on the other hand they have to be careful to give something away because then all these parties would gain more popularity and power and then what would happen to the euro zone? probably collapse. i think what a good approach would be would be to make it

easier to repay the debts. not to say you don't have to repay these debts, but maybe give longer periods of time in which you pay, which would be more important to say, you can pay when you start growing again. you don't to have to repay recession. it's the lesson we learned in the great depression and we're committing the same mistakes now we were committing in the 1930s. >> we never learn, do we? christopher, we really appreciate your time. thank you for joining me on "gmt." now to a subject that we talk about a lot right here on the business the controversial virtual currency. we're talking bitcoin. it may have got a boost today, this monday because the first licensed bitcoin exchange is set to open in the united states. it's going to be called coin base and importantly, it's being backed by the new york stock exchange. let me just go straight over to the one and only tech guru.

is this finally, i guess, what legitimatized this currency? >> well a bit of background, aaron. bitcoin has been through a terrible time. it was very, very fashionable a year or so back. it's coming back down since then. it's had an image that's been mainly used by drug dealers and various criminals. and the most permanent exchange basically collapsed, leaving a lot of people out of pocket. it needed this good news. this is good news. coin base is a company based ton west coast. it's classic silicon valley start-up. it's received $75 million of backing just a few days ago, from investors including the new york stock exchange, and now it's going to be able to run an exchange in the u.s.. it already does that outside the u.s., but the crucial thing about this it's got regulatory approval. not everywhere. it has to only deal in states where it has got prior approval. and that's not every state in

the united states. but it is seen as a bit of a step forward towards respectability, perhaps. >> and that's a good point, because it's also like the assurance for trade is what individuals or institutions that will be in short, it will be covered, so we hopefully won't have a scenario repeat. but i'm just wondering, what do you think the appetite will be like for people to start trading. and why are we seeing it being widely used. >> i think there are two separate things. yes, people want to be able to trade it and to speculate it. and that's, as far as what we're seeing has been largely the use for it. and when people are seeing it go down, that's been less attractive. but what's more important for it, is that it gets widely accepted. it's more than just basically a gambling mechanism. it becomes a store, a means of exchange. and right now, you don't -- i've got a few bitcoin, some on this

very coin here. worth about $60 last time i looked. very difficult to go out and spend that on my lunch. if i go into a nearby shop and say, can i pay for that with bitcoin, quite difficult. >> i've seen what you eat for lunch. 60 bucks ain't going to cover anything for you. rory, good stuff, see you soon. i'm just joking he doesn't drink at lunchtime. quick look at the markets. we did see that big falloff, the cliff some had expected. one of the main reasons we're seeing that softening from the syriza party. the rhetoric syriza party saying it's pro-europe, pro-euro the markets have quite some time today, just months ahead, and very tough negotiation that's around the corner for europe. >> good to see you, we've got a bit of breaking news to bring you now from greece. it's bad news.

the greek singer has died. he was 68. >> you'll recognize that hit, "forever and ever." he was born in egypt, popular in the 1960s and '70s. he sold 60 million records worldwide. the news just coming to us from athens that dennis roussas has died at the age of 68. still to come after the shelling of mariupol in ukraine on saturday, we'll take you live to kiev to find out what if anything can be done to bring peace to the region. but to get from the old way to the new you'll need the right it infrastructure. from a partner who knows how to make your enterprise more agile, borderless and secure. hp helps business move

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the top stories this hour. a new anti-austerity coalition is formed in greece. the left-wing party has joined forces with the right-wing independent greeks after last night's election victory. people living on the east coast of the united states are bracing themselves for a huge snowstorm. with less than a month to go before hollywood's big night at the oscars but the actors were the focus sunday night in l.a. at the screen actors guild award. there were statuettes for two of the performers in the running for the oscars but the top prize went to the movie "birdman." >> posing for the camera at the only award show where all the winners are actors. film stars share the red carpet with familiar faces from television. but it was a show made for internet distribution that won the first award. >> "orange is the new black." >> reporter: the netflix prison comedy beats "modern family," which has won for the past four years. >> "downtown abbey."

>> reporter: it's the second time the british period drama has won the prize for best ensemble. >> thank you so much for the viewers that have stuck with us and we're back for season six. it's amazing. thank you for keeping us on this journey journey. >> eddie redmayne. >> reporter: the film category is seen as a good guide for who will do well as the oscars. eddie redmayne picked up another award for his portrayal of stephen hawking in "the theory of everything." >> thank you for allowing someone who gave up science when they were 14 years old to enter your orbit. >> reporter: "still alice," starring best actress julian moore, put the spotlight on another incurable disease. she played the woman suffering from earlier on set alzheimer's. >> all you kids in the drama club, you know, you guys are the real actors. thank you so much for letting me be a part of this community. thank you very much. >> it was 12 years well spent for patricia arquette winning for her performance in "boyhood," was "boyhood" didn't win the night's top prize.

the cast of "birdman" took the award for outstanding ensemble in a motion picture. >> reporter: oscar winners enjoy their moment of glory, but there's still almost a month of campaigning to go before the oscars. the race for hollywood's most prestigious pride is wide open. >> some amazing pictures to share with you now from mexico, where a volcano erupted on sunday. known locally as the fire volcano, one of the most active in the country. as you can see, it's blowing its top here and that happens on average once every 12 years. now, scientists were expecting this eruption. everyone has pulled back to a safe distance and no one is thought to have been hurt. nonetheless, providing us with some incredibly dramatic footage of the volcano erupting in mexico. amazing pictures there. a quick reminder for you of our top story here on "gmt." the left-wing greek anti-austerity party syriza which won a landmark election

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3 2 f1 clarkson: tonight, can we solve the fuel crisis? and making a better police car -- how hard can it be? that's some noise. hello, thank you. hello. hello, and no. no, this is not a repeat. we really are back you're not watching dave. unless -